This property looks like a bad Mid-Term investment with a projected -5.51% first-year return on $76,023 initial cash invested.
-5.51%
Cash On Cash
5.5%
Cap Rate
0.84
DSCR
$2,499
Rent
-$349
Cashflow
Cash Flow
$2,499 income − $2,848 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,023
Downpayment
20%
$55,260
Closing costs
1%
$2,763
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,499
Total Expenses
$2,848
Mortgage P&I
61%
$1,515
Property Taxes
15%
$383
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275